What is the purpose of the “Annexe” in French financial statements
What is the purpose of the “Annexe” in French financial statements?
A. To show cash flows
B. To disclose notes and details to the balance sheet and income statement
C. To calculate taxes
D. To list fixed assets only
Answer: B
Explanation: The Annexe (Notes to the Financial Statements) is a mandatory part of French financial statements. It provides additional details, explanations, and disclosures that are not included in the Bilan (Balance Sheet) or Compte de Résultat (Income Statement), such as accounting policies, contingent liabilities, and breakdowns of fixed assets.
